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given the green light yesterday. The futuristic tourism village planned for Daniel's Head has cleared the first hurdle after backers gave a presentation to the Bermuda Land Development Corporation. The ambitious project includes solar-panelled houses...

These lessons underscore the need for continuing sound economic stewardship in Bermuda, as the pressure for international co-operation in regulatory matters will only increase due to the forces of globalisation. The Ministry of Finance will place inc...

With the focus on Bermuda's future, Government will invest close to $100 million in education this fiscal year. The estimated expenditure of $97.4 million represents 18 percent of the budget And according to Finance Minister Grant Gibbons, it indica...

the House of Assembly by Finance Minister Grant Gibbons yesterday. To His Honour the Speaker and Members of the Honourable House of Assembly. Mr. Speaker, Thirty years ago, in the Spring of 1968, the first United Bermuda Party Government assumed res...

Berkeley Institute into a senior secondary school. But there was still no word yesterday as to when construction on the Island's designated second senior school will begin. Finance Minister Grant Gibbons in his 1998/99 Budget statement noted that pla...

by Finance Minister Grant Gibbons in yesterday's Budget. He told the House of Assembly: "This Government understands that our people are the key asset for economic prosperity in the modern global economy. "Accordingly, most of the expenditure in this...

Increases in the exempted company fee categories will vary from 0.89 percent in the lowest category, which rises from $1,680 to $1,695 per annum, to six percent in the highest category. It should also be noted that the penalty for late payment of the...

Government has provided its clearest hint yet that it may consider in the coming fiscal year increasing the legislated debt ceiling of $185 million to enable further borrowing. It comes as the most significant review of Bermuda's tax structure in dec...

Mr. Speaker, Government is conscious of the need for a social safety net and has built into its 1998-99 capital spending plan $3.15 million for an adolescent residential care facility and $450,000 for a prison half-way house. A further $215,000 will ...

is a budget which gives some support to tourism and international business while concentrating on the people by allocating $270 million to spending in such areas as education, training, health, youth, sports, social services and public safety. The Mi...